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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (128530)	12/7/2012 2:28:35 PM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

None of the Too Big Too Fail Banks are gone. The Big 5 were here before the crisis, they created the crisis, and now they are bigger than ever. The Big 5 own more assets than all the rest of the US banks combined. The tragedy is that most of the banks that were shut down are the smaller banks, where competition and free markets are still allowed. But Bernanke's policies are directly favorable to the Biggest Banks who can borrow for free vs. the smaller banks who aren't showed that favoritism. So they shut down a few smaller banks to prove that we were "doing something". But nothing has really changed. All the risks and corruption that caused the crisis are still there, only bigger and worse. You make the implication that Capitalism is to blame for the Big Banks not being broken up. That's incorrect. Cronyism is the reason why the Big Banks aren't being broken up. We have a Trust Commission in the USA that used to do its job. They broke up Ma Bell, Standard Oil, and Railroad Barrons. However, under Bush and Obama, our leaders have decided that they prefer having an oligarchy of Too Big Too Fail banks that they can control through cronyism, because they are using those TBTF Banks to finance their own financial profligacy. It's a scratch your back scratch my back kind of thing. They need each other in a cancerous symbiotic sort of way. This is not Capitalism. It is Cronyism and a perversion. That's why we need to get rid of Bernanke. We need Congress to feel the pinch of their financial profligacy. They need to get their house in order. Once it is in order, then they won't be slave to the Big Banks, because they won't need to kowtow to the Big Banks to fund their yawning deficit. You see how this is a mess of Congress' own creation? All the actors are playing their part in a Tragedy of monumental proportions and the 99% are the ones they are sticking it to.